$1,600,000
$1,800,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
2,884 SqFt
SOLD DATE : 04/15/2024
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,884 sqft
Price per Sqft $554
Subdivision New Hope
MLS Listing ID PABU2065758
Sold Date 04/15/24
Style Other
Abv Grd Liv Area 2,884
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $10,062
Tax Year 2023
Lot Size 0.383 Acres
Acres 0.38
Property Description
Incredible opportunity to own a fully leased, 4 unit multi-family building in the heart of New Hope, PA! This offering is also inclusive of an income producing parking lot which services up to 47 vehicles (currently being rented by The Bucks County Playhouse). All four units are 1 bed/1bath with beautiful canal views. Rents are currently under market value and there is also an opportunity to create one additional apartment in the building (pending township approvals). Really good New Hope multi-family properties are few and far between, especially in such a desirable location. There is also a healthy amount of upside as 60 New St has the potential to generate an even stronger return on your investment. Showings will be limited to specific dates and times.
Location
State PA
County Bucks
Area New Hope Boro (10127)
Zoning RB
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 47.0
Waterfront N
Water Access N
View Canal, Scenic Vista
Accessibility None
Total Parking Spaces 47
Garage N
Building
Lot Description Private, Premium
Foundation Concrete Perimeter
Sewer Public Sewer
Water Well
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Middle Schools New Hope-Solebury
High Schools New Hope-Solebury
School District New Hope-Solebury
Others
Tax ID 27-010-107
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Mary Yang • Tesla Realty Group, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "